Home Credit Cards Credit Card Review: Citi Rewards+

Credit Card Review: Citi Rewards+

by joeheg

The credit card portfolio from Citi is kind of a mess. They’ve spent the beginning of 2019 adding value to Citi Prestige with industry-best earning categories, while gutting the usefulness of the card at the end of the year by eliminating all of the travel insurance protection it offered. While most of the buzz was focused on the Citi Prestige, Citi launched a brand new card in 2019 to take the place of its entry-level Citi ThankYou Preferred card.

The Citi Rewards+ is a no-annual-fee card which earns ThankYou points. That alone makes it a card to consider for those who don’t wish to pay to have a card that earns points that can be used to pay for travel.

Here are the details of the card. Maybe it will be a good fit for you.

Annual Fee

The Citi Rewards+ has no annual fee.

Sign-Up Bonus

The Citi Rewards+ card is currently offering 15,000 ThankYou points if you spend $1,000 in the first 3 months after opening your account with this link.

Foreign Transaction Fee

If you use this card internationally, you will pay a 3% foreign transaction fee. It’s best to leave this card home when traveling outside the U.S. and use a card that doesn’t charge a foreign transaction fee. 

Earning ThankYou Points

The Citi Prestige earns ThankYou points, which are a type of flexible (transferrable) point. These are the bonus categories for the card:

  • 2X points for Supermarkets
  • 2X points for Gas Stations

You earn double points on the first $6,000 per year, after which you’ll earn one point per dollar spent.

The card also features a “round-up” feature. For every purchase on the card, the points earned are rounded up to the nearest 10. So if you spend $1 on the card, you receive 10 ThankYou points. If you spend $991, you earn 1,000 points. It’s hard to maximize this offer as you’ll need to plan purchases to be just over the nearest $10 to make sense. I could see pumping enough gas to get to $30.01 so you can earn 70 points (30.01 x 2 = 60.02, which would round up to 70 points) instead of 60 points for a $30.00 purchase. Trying to plan out other purchases just to earn extra points isn’t worth the effort for the small number of extra points.

Redeeming Points

If you only have the Citi Rewards+, the ThankYou points you earn can be used to book travel through the Citi Travel Portal at 1 cent per point, or you can transfer your points to JetBlue or Sears.

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Combining points with other ThankYou accounts

If you have a premium Citi account, like the Citi Prestige or the Citi Premier, you can transfer your points to those cards. With the Prestige, your points are worth the same 1 cent each as the Rewards but if you have a Citi Premier card, you can book travel through the portal at 1.25 cents per point. If you have either card, you’re able to transfer the points to all of Citi’s transfer partners.

  • Avianca LifeMiles
  • Flying Blue (Air France/KLM)
  • Cathay Pacific Asia Miles
  • Etihad Guest
  • Eva Air
  • Guarda Indonesia
  • JetBlue (fixed value program)
  • Malaysia Airlines
  • Qantas Frequent Flyer
  • Qatar Privilege Club
  • Singapore Airlines KrisFlyer
  • Thai Airways Royal Orchid Plus
  • Turkish Airlines Miles&Smiles
  • Virgin Atlantic Flying Club
  • Sears Shop Your Way (1 point = 12 SYW points)

10% Rebate on Redeemed Points

With the Citi Rewards+ card, you’ll receive a 10% rebate on the first 100,000 ThankYou points redeemed with the card each calendar year. Anecdotal evidence shows that if you transfer your points to YOUR own linked ThankYou account, you’ll receive the rebate even if the points do not come directly from the Rewards+ account.

If you transfer points to a different cardmember, which is allowed by the ThankYou program, you will not receive the 10% rebate when transferring points nor when the points are redeemed.

0% Interest on Purchases and Balance Transfers For 15 Months

The Citi Rewards+ is offering the following promotional APR offers

Purchase Rate:
0% introductory APR for 15 months from date of account opening; after that your variable APR for purchases will be 14.99% – 24.99% based on your creditworthiness

Balance Transfer Rate:
0% introductory APR for 15 months from the date of first transfer; after that, your variable APR will be 14.99% – 24.99% based on your creditworthiness. Balance transfers must be completed within 4 months of account opening

Final Thoughts

Getting a Citi Reward+ was part of my grand Citi card plan. To be honest, that plan has really fallen through. One of the only parts of the plan that remained was applying for the Citi Rewards+ card.

I did receive the 15,000 ThankYou points sign up bonus and still use the card for small purchases (like a $2 bottle of soda). I have cards that are better for my purchases at grocery stores and gas stations, so this card has found a place in my sock-drawer.

However, I plan on keeping the card because it has no-annual-fee and will provide a 10% rebate on redeemed ThankYou points, up to 100,000 points a calendar year, which is worth over $200.

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This post first appeared on Your Mileage May Vary

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